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REGISTERED NUMBER: 10634782 (England and Wales)















Financial Statements for the Year Ended 27th February 2023

for

Capisce Ltd

Capisce Ltd (Registered number: 10634782)






Contents of the Financial Statements
for the Year Ended 27th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Capisce Ltd

Company Information
for the Year Ended 27th February 2023







DIRECTORS: Mr P S Chadney
Mrs J Chadney





REGISTERED OFFICE: 106a Commercial Street
Risca
Newport
NP11 6EE





REGISTERED NUMBER: 10634782 (England and Wales)

Capisce Ltd (Registered number: 10634782)

Balance Sheet
27th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,236 1,733

CURRENT ASSETS
Debtors 5 599,466 444,984
Cash at bank and in hand 814,545 562,248
1,414,011 1,007,232
CREDITORS
Amounts falling due within one year 6 235,277 97,336
NET CURRENT ASSETS 1,178,734 909,896
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,180,970

911,629

CREDITORS
Amounts falling due after more than one
year

7

22,566

31,566
NET ASSETS 1,158,404 880,063

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,158,304 879,963
SHAREHOLDERS' FUNDS 1,158,404 880,063

Capisce Ltd (Registered number: 10634782)

Balance Sheet - continued
27th February 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27th February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement and Director's Report has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th March 2024 and were signed on its behalf by:





Mr P S Chadney - Director


Capisce Ltd (Registered number: 10634782)

Notes to the Financial Statements
for the Year Ended 27th February 2023

1. STATUTORY INFORMATION

Capisce Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement and Director's Report, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Capisce Ltd (Registered number: 10634782)

Notes to the Financial Statements - continued
for the Year Ended 27th February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 28th February 2022 2,648
Additions 1,249
At 27th February 2023 3,897
DEPRECIATION
At 28th February 2022 915
Charge for year 746
At 27th February 2023 1,661
NET BOOK VALUE
At 27th February 2023 2,236
At 27th February 2022 1,733

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 599,466 444,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 11,000
Trade creditors - 112
Taxation and social security 195,956 80,940
Other creditors 29,321 5,284
235,277 97,336

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 22,566 31,566

Capisce Ltd (Registered number: 10634782)

Notes to the Financial Statements - continued
for the Year Ended 27th February 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 27th February 2023 and 27th February 2022:

2023 2022
£    £   
Mr P S Chadney and Mrs J Chadney
Balance outstanding at start of year 53,949 73,713
Amounts advanced 404,493 27,778
Amounts repaid (80,799 ) (47,542 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 377,643 53,949

Interest is charged on the outstanding balance at HMRC official rate.

9. RELATED PARTY DISCLOSURES

Fortuitous Capital Ltd - a company under common control.

Included in other creditors is a loan from the above of £24,768 (2022: £2,127 Debtor).
This loan is interest free and repayable on demand.